Srinagar, July 1 (IANS) Police in Jammu and Kashmir’s Sopore sub-division on Wednesday registered FIR against persons facilitating cyber fraud through the use of mule accounts.Officials said the Cyber Police Station in Sopore has registered an FIR against individuals allegedly facilitating cyber fraud through the use of mule bank accounts,Officials said on Wednesday that the action was part of an intensified drive to crack down on cyber financial crimes and networks that enable fraudsters to r…
Latest Financial Crimes News & Updates
New Delhi, June 9 (IANS) The use of AI and Big Data for detecting money laundering and the creation of a secure whistleblower system were among the key suggestions received by the ED as part of a public outreach campaign organised to mark 70 years of the federal agency, an official said on Tuesday. As the ED concluded its nationwide public outreach campaign on the MyGov platform as part of the celebrations marking “70 Years of ED: Fighting Financial Crimes, Serving the Nation”, the agency receiv…
Surat, June 3 (IANS) The Surat City Police have arrested 77 people across several states and registered 58 cyber fraud cases after a three-day operation targeting mule account networks used to move and conceal proceeds from online scams, uncovering fraud transactions worth Rs 23.85 crore and freezing more than Rs 1.04 crore linked to the accounts under investigation. The action was carried out under “Operation Mule Hunt 2.0”, a special drive conducted from May 31 to June 2 under the direct s…
Ahmedabad, May 8 (IANS) The Ahmedabad Cyber Crime Branch has arrested three more alleged individuals in an inter-state cyber fraud racket that police say used artificial intelligence-generated deepfake videos to manipulate Aadhaar authentication systems, illegally change registered mobile numbers and obtain loans in the names of unsuspecting victims by hijacking their digital identities. The latest arrests bring the total number of accused in the case to seven, while one accused, Oli Ullah fr…
New Delhi, April 9 (IANS) Looking to check cyber frauds and financial crimes, the Union Home Ministry’s Indian Cybercrime Coordination Centre (I4C) signed an Memorandum of Understanding (MoU) with the Finance Ministry’s Financial Intelligence Unit-India (FIU-IND) to enhance information sharing and coordination, an official said on Thursday.The MoU aims to enable both agencies to establish robust feedback mechanisms for enhancing fraud detection protocols at the national level, the official s…
New Delhi, April 9 (IANS) The Financial Intelligence Unit‑India and the Indian Cyber Crime Coordination Centre (I4C) signed a comprehensive memorandum of understanding (MoU) to strengthen intelligence sharing and coordination in the fight against cyber‑frauds and financial crimes, the government said on Thursday.The MoU aims to enable both agencies to establish robust feedback mechanisms for enhancing fraud detection protocols at the national level and facilitate the development and dissemin…
Hyderabad, March 10 (IANS) Two bank employees, software engineers, seven students and 15 women among 208 accused were arrested by Telangana State Cyber Security Bureau’s (TGCSB) state-wide operation against mule accounts facilitating pan-India cyber frauds, a senior official said on Tuesday.The ‘Operation Crackdown 1.0’ launched on February 25 resulted in registration of 1549 FIRs, identification of 626 suspects and arrest of 208 accused persons.The arrested include two lecturers and a gov…
Srinagar, Jan 10 (IANS) The Jammu and Kashmir Anti-Corruption Bureau (ACB), on Saturday, trapped a ‘Patwari’ (revenue clerk) while accepting a bribe of Rs 10,000 in the Budgam district, officials said. Officials said that Jammu and Kashmir ACB has trapped and arrested a revenue clerk (Patwari) for demanding and accepting a bribe in Budgam district.A statement said, “The ACB received a written complaint alleging that the complainant had applied before the concerned revenue authorities for issuanc…